Construction Partners, Inc. $ROAD Shares Sold by Conestoga Capital Advisors LLC

Posted by Geri Gentry on Nov 5th, 2026

Conestoga Capital Advisors LLC decreased its holdings in Construction Partners, Inc. (NASDAQ:ROAD – Free Report) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,131,708 shares of the company’s stock after selling 227,254 shares during the quarter. Construction Partners makes up approximately 3.1% of Conestoga Capital Advisors LLC’s holdings, making the stock its 10th largest holding. Conestoga Capital Advisors LLC’s holdings in Construction Partners were worth $101,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Wasatch Advisors LP lifted its holdings in shares of Construction Partners by 20.6% during the 2nd quarter. Wasatch Advisors LP now owns 1,008,474 shares of the company’s stock worth $119,776,000 after acquiring an additional 172,034 shares during the period. First Trust Advisors LP grew its holdings in Construction Partners by 29.6% in the first quarter. First Trust Advisors LP now owns 1,030,378 shares of the company’s stock valued at $114,496,000 after purchasing an additional 235,616 shares during the period. Allspring Global Investments Holdings LLC increased its position in Construction Partners by 19.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 967,350 shares of the company’s stock worth $109,214,000 after purchasing an additional 156,469 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Construction Partners during the second quarter worth approximately $78,248,000. Finally, Dimensional Fund Advisors LP raised its stake in Construction Partners by 11.1% during the first quarter. Dimensional Fund Advisors LP now owns 587,477 shares of the company’s stock worth $65,271,000 after purchasing an additional 58,908 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 16th. Robert W. Baird reduced their price objective on Construction Partners from $145.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Raymond James Financial dropped their target price on shares of Construction Partners from $150.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, October 16th. Finally, Weiss Ratings downgraded shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Check Out Our Latest Stock Report on Construction Partners

Construction Partners Stock Performance

Shares of ROAD stock opened at $99.24 on Thursday. Construction Partners, Inc. has a 12 month low of $79.33 and a 12 month high of $151.00. The firm has a market capitalization of $5.63 billion, a P/E ratio of 38.92, a P/E/G ratio of 0.72 and a beta of 0.94. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.57 and a quick ratio of 1.26. The company’s fifty day moving average price is $93.24 and its two-hundred day moving average price is $110.68.

Construction Partners (NASDAQ:ROAD – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Construction Partners had a return on equity of 16.06% and a net margin of 4.10%. The firm had revenue of $999.42 million during the quarter, compared to the consensus estimate of $948.77 million. During the same quarter in the prior year, the business posted $0.81 earnings per share. Construction Partners’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, research analysts anticipate that Construction Partners, Inc. will post 3.04 earnings per share for the current fiscal year.

Construction Partners Company Profile

(Free Report)

Construction Partners, Inc (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains transportation and other public infrastructure in the United States. The company primarily serves public-sector customers, including state and local governments, as well as private-sector customers involved in residential, commercial and industrial development.

Its services include asphalt production and paving, roadway construction, milling, maintenance and repair, site development, utility installation and related infrastructure work.